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SogoTrade, Inc. Data Breach

Posted on behalf of Arnold Law Firm on May 14, 2025 in Data Breach

NOTICE: If you received a NOTICE OF DATA BREACH letter from SogoTrade, Inc., contact the Arnold Law Firm at (916) 777-7777 to discuss your legal options, or submit a confidential Case Evaluation form here.

​​​​​​​​On May 7, 2025, SogoTrade, Inc. (“SogoTrade”) reported a significant cybersecurity incident to the Offices of Attorneys General in Maine and California. The incident, which occurred between May 8 and May 22, 2024, involved unauthorized access to four employee email accounts due to a phishing attack (the “Data Breach”). Upon discovering the breach on March 18, 2025, SogoTrade engaged third-party forensic specialists to investigate. The investigation concluded that sensitive personal information had been compromised. Approximately 48,696 individuals have been impacted. 

Recently, SogoTrade began sending data breach notification letters to individuals affected by the Data Breach. As of now, SogoTrade has not disclosed any further information about the Data Breach. If you received a data breach notification letter from SogoTrade, it indicates that your information was affected by the Data Breach.

Headquartered in Chesterfield, Missouri, SogoTrade is an online discount brokerage firm offering a range of investment products, including stocks, options, ETFs, and cryptocurrencies. The company provides powerful online trading platforms and market research tools to investors. SogoTrade employs over 50 individuals.

WHAT INFORMATION IS INVOLVED IN THE SOGOTRADE, INC. DATA BREACH?

The types of information compromised vary by individual but may include the following: 

  • Full names,
  • Social Security numbers,
  • Tax identification numbers,
  • Financial account numbers. 

This information is called your Personally Identifiable Information (“PII”). It tells others about you and is considered part of your identity. Businesses are required to secure this information or risk facing statutory penalties, among other legal penalties. Stolen PII can be used by identity thieves to engage in fraudulent activity using your identity. 

The best way to protect yourself after a data breach is to sign up for credit and identity protection services as soon as possible. 

California offers extra protections and legal rights to its residents through the California Consumer Privacy Act (“CCPA”).

NOTICE: If you received a NOTICE OF DATA BREACH letter from SogoTrade, Inc., contact the Arnold Law Firm at (916) 777-7777 to discuss your legal options, or submit a confidential Case Evaluation form here.